Discover Personal Loan
What Discover Personal Loans publishes: "Your APR will be between 6.99% and 24.99% based on creditworthiness at time of application for amounts between $2,500-$40,000 and loan terms of 36-84 months. For example, if you get approved for a $15,000 loan at 11.99% APR for a term of 72 months, you'll pay just $293 per month. You must have a minimum individual or household annual income of $25,000, be over 18 years of age, and have a valid US SSN to be considered for a Discover personal loan. Loan approval is subject to confirmation that your income, debt-to-income ratio, credit history and application information meet all requirements. Our lowest rates are available to consumers with the best credit. Many factors are used to determine your rate, such as your credit history, application information and the term you select. State restrictions may apply."
No autopay discount mentioned. Page HTML uses placeholders ('between x and x') filled from Discover's own rates JSON; the JSON fetched today returns MinAPR 6.99%, MaxAPR 24.99%, MinLoan $2,500, MaxLoan $40,000, MinMo 36, MaxMo 84. Meta description confirms 'APRs from 6.99% to 24.99%'.
Representative example from the lender: For example, if you get approved for a $15,000 loan at 11.99% APR for a term of 72 months, you'll pay just $293 per month. (Rates JSON variant: For example, if you get approved for a $15,000 loan at 12.99% APR for a term of 72 months, you'll pay just $301 per month. The estimated total cost of the loan in this example would be $21,672.)
The rate you are offered is set by Discover Personal Loans after you apply on its site. It depends on your credit history, income, loan amount and term, and may be higher than the lowest rate shown here.
| Loan amount | $2,500 to $40,000 |
| Term | 36 to 84 months |
| Rate type | fixed |
| Funding speed | next business day: 'Funds can be sent as early as the next business-day after acceptance.' |
| Origination fee | 0%: 'No Fees. Period. Put more of your funds to work with no fees of any kind.' |
| Prepayment penalty | No |
| Late fee | none stated ('no fees of any kind') |
| Minimum credit score | Not disclosed |
| States | Not stated |
| Membership | Not required |
- Origination fee 0%: 'No Fees. Period. Put more of your funds to work with no fees of any kind.'
- Funding: next business day: 'Funds can be sent as early as the next business-day after acceptance.'
- Borrow up to $40,000
- No prepayment penalty
| Legal name | Discover, a division of Capital One, N.A., Member FDIC |
| Type | Bank |
| Website | https://www.discover.com/personal-loans/ |
Third-party lenders
Loan offers are provided by third-party lenders. Banrox is a technology company and is not a lender. Banrox does not take loan applications, make credit decisions or fund loans.
Compensation
Banrox may receive compensation from some lenders when you click or apply through links on this page. Compensation does not affect the rates shown, which are taken from each lender's public website as of the date displayed.
Rates and estimates
Rates, amounts, terms and fees are shown as published on the lender's website on the date marked above and may change without notice. The payment estimate uses the lowest APR the lender publishes and excludes origination and other fees; the lender's own disclosure governs. Nothing on this page is an offer, a rate quote or a commitment to lend.
